PROSHARES TR TBF
SHRT 20+YR TRE · ETP · CUSIP 74347X849
66
institutional holders
-6 vs Q1 2023
2.7m
shares reported held*
$56.9mreported value*
12 new
13 added
24 reduced
18 sold out
net sold ≈ $15.7m (-671.1k shares)
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $21.28. Options: 3 managers hold calls ($4.0m notional), 1 hold puts ($210.4k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 94 |
| Q4 2022 | 85 |
| Q1 2023 | 72 |
| Q2 2023 | 66 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 31 | 56 |
| Q1 2023 | 28 | 44 |
| Q2 2023 | 25 | 42 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $2.0m | $3.2m | 1.62 |
| Q4 2022 | $946.5k | $1.6m | 1.73 |
| Q1 2023 | $1.2m | $1.2m | 0.95 |
| Q2 2023 | $4.0m | $210.4k | 0.05 |
Biggest buyers
| JANE STREET GROUP, LLC | Added | +450.4k |
| LPL Financial LLC | Added | +92.5k |
| HRT FINANCIAL LP | Added | +89.3k |
| FLOW TRADERS U.S. LLC | New | +66.4k |
| Worth Asset Management, LLC | Added | +58.5k |
| Prostatis Group LLC | New | +56.6k |
| ROYAL BANK OF CANADA | Added | +35.3k |
| AXS Investments LLC | New | +35.0k |
| RENAISSANCE TECHNOLOGIES LLC | New | +24.5k |
| MGO ONE SEVEN LLC | New | +14.9k |
Biggest sellers
| MORGAN STANLEY | Reduced | -315.6k |
| Cadent Capital Advisors, LLC | Sold out | -280.9k |
| Heck Capital Advisors, LLC | Sold out | -237.8k |
| CITADEL ADVISORS LLC | Reduced | -130.0k |
| RETIREMENT CAPITAL STRATEGIES | Sold out | -120.0k |
| SSI INVESTMENT MANAGEMENT LLC | Reduced | -100.0k |
| SHEPHERD KAPLAN KROCHUK, LLC | Sold out | -88.2k |
| BECKER CAPITAL MANAGEMENT INC | Sold out | -69.2k |
| Advisors Preferred, LLC | Reduced | -45.9k |
| UBS Group AG | Reduced | -26.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.9m179.8k shares |
| CITADEL ADVISORS LLC | Reduced | $130.1k6.0k shares |
| Cutler Group LLC / CA | Reduced | $0600 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $210.4k9.7k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| JANE STREET GROUP, LLC 0.02% of their portfolio | 766.8k $16.6m | Added +450.4k |
| Advisors Preferred, LLC 2.24% of their portfolio | 415.4k $9.1m | Reduced -45.9k |
| LPL Financial LLC 0.00% of their portfolio | 162.3k $3.5m | Added +92.5k |
| First Heartland Consultants, Inc. 0.40% of their portfolio | 140.6k $3.1m | Reduced -1.8k |
| Sepio Capital, LP 0.23% of their portfolio | 128.5k $2.8m | Unchanged |
| HRT FINANCIAL LP 0.02% of their portfolio | 99.7k $2.2m | Added +89.3k |
| GTS SECURITIES LLC 0.06% of their portfolio | 84.9k $1.8m | First filing |
| FLOW TRADERS U.S. LLC 0.06% of their portfolio | 66.4k $1.4m | New |
| SSI INVESTMENT MANAGEMENT LLC 0.10% of their portfolio | 65.0k $1.4m | Reduced -100.0k |
| Savior LLC 5.69% of their portfolio | 64.7k $1.4m | Reduced -11.3k |
| Worth Asset Management, LLC 0.98% of their portfolio | 59.0k $1.3m | Added +58.5k |
| Prostatis Group LLC 0.03% of their portfolio | 56.6k $56.6k | New |
| Baird Financial Group, Inc. 0.00% of their portfolio | 55.2k $1.2m | Reduced -356 |
| TD Waterhouse Canada Inc. 0.01% of their portfolio | 42.2k $921.5k | Reduced -2.5k |
| TWO SIGMA SECURITIES, LLC 0.07% of their portfolio | 39.8k $863.5k | Reduced -7.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 36.3k $787.0k | Added +35.3k |
| AXS Investments LLC 0.20% of their portfolio | 35.0k $759.1k | New |
| TWIN FOCUS CAPITAL PARTNERS, LLC 0.13% of their portfolio | 29.2k $633.3k | Unchanged |
| Parallax Volatility Advisers, L.P. 0.02% of their portfolio | 29.1k $631.2k | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 24.5k $531.0k | New |
| SEGALL BRYANT & HAMILL, LLC 0.01% of their portfolio | 23.0k $498.9k | Unchanged |
| Geneos Wealth Management Inc. 0.02% of their portfolio | 21.2k $459.8k | Unchanged |
| Sowell Financial Services LLC 0.02% of their portfolio | 20.6k $446.0k | Added +1.3k |
| Hedges Asset Management LLC 0.32% of their portfolio | 17.5k $379.6k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 17.2k $372.2k | Reduced -130.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 16.8k $364.4k | Reduced -24.2k |
| Kovack Advisors, Inc. 0.04% of their portfolio | 15.9k $344.8k | Reduced -2.9k |
| EXECUTIVE WEALTH GROUP LLC 0.23% of their portfolio | 15.7k $341.0k | Added +141 |
| MGO ONE SEVEN LLC 0.03% of their portfolio | 14.9k $322.9k | New |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 13.9k $302.2k | Added +332 |
| Equitable Holdings, Inc. 0.00% of their portfolio | 10.3k $222.6k | Reduced -8 |
| Private Wealth Partners, LLC 0.02% of their portfolio | 10.0k $216.9k | Unchanged |
| Horrell Capital Management, Inc. 0.07% of their portfolio | 10.0k $217.0k | Unchanged |
| EVERGREEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 9.4k $204.0k | New |
| Banque Cantonale Vaudoise 0.01% of their portfolio | 9.4k $203.0k | Reduced -3.4k |
| MORGAN STANLEY 0.00% of their portfolio | 7.5k $163.1k | Reduced -315.6k |
| CITY HOLDING CO 0.02% of their portfolio | 4.8k $104.9k | New |
| PITTENGER & ANDERSON INC 0.00% of their portfolio | 4.4k $95.4k | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 3.5k $76.4k | New |
| BLUE BELL PRIVATE WEALTH MANAGEMENT, LLC 0.02% of their portfolio | 2.9k $62.4k | Reduced -657 |
| AllSquare Wealth Management LLC 0.04% of their portfolio | 2.7k $59.2k | Reduced -5.5k |
| Endurance Wealth Management, Inc. 0.01% of their portfolio | 2.5k $55.0k | Unchanged |
| BLAIR WILLIAM & CO/IL 0.00% of their portfolio | 2.4k $51.0k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 1.7k $36.0k | New |
| Cullen/Frost Bankers, Inc. 0.00% of their portfolio | 1.5k $32.5k | Unchanged |
| BerganKDV Wealth Management, LLC 0.00% of their portfolio | 1.4k $31.2k | Reduced -454 |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 1.4k $30.6k | Reduced -9.7k |
| Ancora Advisors LLC 0.00% of their portfolio | 1.3k $29.0k | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 1.1k $24.4k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 992 $21.5k | Added +4 |
| Parallel Advisors, LLC 0.00% of their portfolio | 962 $20.9k | Reduced -452 |
| UBS Group AG 0.00% of their portfolio | 735 $15.9k | Reduced -26.7k |
| Mendota Financial Group, LLC 0.02% of their portfolio | 707 $15.3k | Reduced -303 |
| Deane Retirement Strategies, Inc. 0.01% of their portfolio | 520 $11.3k | Reduced -520 |
| Coppell Advisory Solutions LLC 0.00% of their portfolio | 508 $11.1k | New |
| CITIGROUP INC 0.00% of their portfolio | 500 $10.8k | Unchanged |
| Tradition Wealth Management, LLC 0.00% of their portfolio | 397 $9.0k | Reduced -95 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 362 $7.9k | Added +65 |
| Spire Wealth Management 0.00% of their portfolio | 185 $4.0k | Added +3 |
| Global Retirement Partners, LLC 0.00% of their portfolio | 137 $3.0k | Reduced -640 |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 100 $2.0k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 90 $2.0k | Reduced -3.2k |
| Avior Wealth Management, LLC 0.00% of their portfolio | 66 $1.4k | Added +1 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 20 $434 | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1 $12 | Added +1 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |